Tipotwo
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- Jan 7, 2020
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A Car Wow video of the 25 worst depreciating cars on sale in the UK, ranked using the worst depreciating car from the main car makes.
https://youtu.be/8kDfzk4z_hE?t=641
Number one is the Fiat with the Tipo, which according to Car Wow, retains 29.7% of it value, new £15,500 after 3 years it is worth about £4,500, it loses about £11,000.
That sounds dreadful, however there are two "buts".
1 - the car is the second cheapest you can buy after the Dacia Sandero (which did not feature in the video), so there are other more expensive cars that depreciate less, but you lose more actual money. Car Wow say the Tipo loses £11,000 in 3 years, which is the same as a Renault Megan. The Vauxhall Astra loses £12,000, a Jeep Renegade loses almost £14,000, an Alfa Giulietta loses £14,000, a VW Passat losses £16,000. Even the Nissan Micra loses £9,000. The rest were far more expensive, such as Rolls Royce, so no comparison there.
2 - most Tipos are discounted anyway and nearly new are heavily discounted. I got a one year old petrol estate easy plus, list price about £17,500, for just over £9000, so at that point it had only retained about 55% of its official value. Car Wow valued my car now at £7400, so I have lost 20% in depreciation in a year and next year that will drop to about 10%.
So, the moral of the story is NEVER pay list price and second hand, the Tipo is a bargain.
https://youtu.be/8kDfzk4z_hE?t=641
Number one is the Fiat with the Tipo, which according to Car Wow, retains 29.7% of it value, new £15,500 after 3 years it is worth about £4,500, it loses about £11,000.
That sounds dreadful, however there are two "buts".
1 - the car is the second cheapest you can buy after the Dacia Sandero (which did not feature in the video), so there are other more expensive cars that depreciate less, but you lose more actual money. Car Wow say the Tipo loses £11,000 in 3 years, which is the same as a Renault Megan. The Vauxhall Astra loses £12,000, a Jeep Renegade loses almost £14,000, an Alfa Giulietta loses £14,000, a VW Passat losses £16,000. Even the Nissan Micra loses £9,000. The rest were far more expensive, such as Rolls Royce, so no comparison there.
2 - most Tipos are discounted anyway and nearly new are heavily discounted. I got a one year old petrol estate easy plus, list price about £17,500, for just over £9000, so at that point it had only retained about 55% of its official value. Car Wow valued my car now at £7400, so I have lost 20% in depreciation in a year and next year that will drop to about 10%.
So, the moral of the story is NEVER pay list price and second hand, the Tipo is a bargain.